Over 95% of Iran’s Crypto Mining Devices Operating Illegally

Iran faces a severe illegal crypto mining crisis, with authorities estimating that nearly all of the country’s 427,000 active mining devices operate without authorization. Akbar Hasan Beklou, CEO of Tehran Province Electricity Distribution Company, revealed this alarming statistic, highlighting Iran’s emergence as the world’s fourth-largest crypto mining hub driven by subsidized electricity prices, which have attracted illegal miners seeking an easy and cheap entry point.